Efficient Inventory System Research Articles

Transforming Inventory Management for Global Manufacturing Efficiency

This qualitative study explores the application of raw material inventory accounting information systems and internal control measures at PT. Perdana Sukses Makmur, a manufacturing company in Indonesia. Through interviews, observation, and documentation analysis, the research identifies that while the company's inventory system is well-implemented, certain internal control measures, such as the combination of functions and responsibilities, require improvement. These findings contribute to understanding inventory management practices in manufacturing firms, suggesting areas for enhancing internal control to improve production efficiency and organizational performance. Highlight: Efficient Inventory System: PT. Perdana Sukses Makmur demonstrates effective inventory management practices. Internal Control Challenges: Addressing function combination enhances organizational oversight. Production Efficiency Implications: Refining internal controls enhances manufacturing performance. Keywoard: Inventory Management, Internal Control, Manufacturing Company, Qualitative Study, Indonesia

Reimagining Local Broadcasting Unveiling Dynamic Communication

This qualitative study delves into the communication styles of broadcasters and listeners within the Lontong Balap RRI Surabaya program, aiming to fill gaps in understanding communication dynamics in local radio contexts. Data collection involved non-participant observation and interviews, with purposive sampling selecting informants from both broadcaster and listener demographics. Findings reveal a predominant equalitarian communication style, fostering direct interactions and natural engagement between broadcasters and listeners. The program serves to revive local culture while providing information and entertainment, showcasing the significance of relatable language and direct engagement in enhancing audience participation and program effectiveness within local radio broadcasts. Hghlight: Efficient Inventory System: PT. Perdana Sukses Makmur demonstrates effective inventory management practices. Internal Control Challenges: Addressing function combination enhances organizational oversight. Production Efficiency Implications: Refining internal controls enhances manufacturing performance. Keywoard: Inventory Management, Internal Control, Manufacturing Company, Qualitative Study, Indonesia

Analisis Penerapan Sistem Informasi Akuntansi Persediaan Studi Kasus Pada CV. Bina Usaha Sejahtera Malang

The rapid development of the industry has made the level of competition even tighter. Companies need to pay attention to several things in the face of competition, one thing that really needs to be considered in the order fulfillment process is the need for an effective and efficient inventory system. The purpose of this research is to find out the implementation of inventory accounting information systems in CV. Prosperous Business Development. The method used by researchers for this research is descriptive qualitative method with primary data and secondary data types. The research results obtained are the Accounting Information System contained in the CV. Bina Usaha Sejahtera is still not optimal, one of the contributing factors is the double duty of the warehouse department.

THE INVENTORY MANAGEMENT PRACTICES AND ORGANIZATIONAL EFFICIENCY OF A CAR DEALER IN SAN PABLO, CITY

Effective inventory management is crucial for effective organizational functioning. The study focused on the inventory management practices used by a car dealer in San Pablo, City and their effectiveness, its importance and the challenges faced in applying inventory management practices by automotive dealers. The participants of the study are the employees of the company: Parts, Sales, Service, Finance and Admin Departments. Findings highlight the dealer’s employment of the first-in, first-out (FIFO) method for stock valuation, managed via bin cards and excel. The study concludes that adept inventory management can curtail costs. Recommendations involve refining strategies with precise record-keeping, a robust stock plan, and meticulous accounting for an efficient inventory system.

THE INVENTORY MANAGEMENT PRACTICES AND ORGANIZATIONAL EFFICIENCY OF A CAR DEALER IN SAN PABLO, CITY

Effective inventory management is crucial for effective organizational functioning. The study focused on the inventory management practices used by a car dealer in San Pablo, City and their effectiveness, its importance and the challenges faced in applying inventory management practices by automotive dealers. The participants of the study are the employees of the company: Parts, Sales, Service, Finance and Admin Departments. Findings highlight the dealer’s employment of the first-in, first-out (FIFO) method for stock valuation, managed via bin cards and excel. The study concludes that adept inventory management can curtail costs. Recommendations involve refining strategies with precise record-keeping, a robust stock plan, and meticulous accounting for an efficient inventory system.

Implementasi Data Mining Algoritma Apriori Pada Sistem Persediaan Bahan Bangunan Di Karang Sari

The development of construction in Indonesia is increasing rapidly, therefore building materials are needed to be used in building a construction. Every building materials store must have a transaction system and an inventory system. Whether it's an efficient or less efficient inventory system. For this reason, this research was conducted to help the owner or manager of a building shop to more easily determine the combination pattern of supplies and purchases of building goods. The a priori algorithm is used in this study because the a priori algorithm is suitable in connecting the itemset combination patterns. Therefore the a priori algorithm is suitable in determining the purchase combination pattern in order to get a good inventory system. And from the process carried out, a confidence value of 75% was obtained, not only that this research was also assisted by a priori algorithm supporting application, namely the Tanagra application.

Economic order quantity with partial backordering and sampling inspection

To access the efficient inventory system, managers should consider all the situations that have happened in reality. One of these situations is the presence of the defective items in each received lot and the other situation is being the group of customers that do not wait to fulfill their requirements from the vendor and choose another one to get their orders so the proportion of the backordered items becomes lost sales. In this paper we consider both mentioned situations simultaneously to model the inventory system while the proportion of backordering is constant and the imperfect rate follows a uniform distribution, also the particular sampling process is considered that is explained in detail in "Problem definition". Our purpose in this paper is to access the optimum value for the total revenue in a year by a particular solution method that is provided in "Solution method". After these sections we provide the numerical results in "Numerical result" to show the effect of sensitive parameters on the decision variables and the total profit.

A Simulation Approach to Determine the Probability of Demand during Lead-Time When Demand Distributed Normal and Lead-Time Distributed Gamma

Globalization and advances in information and production technologies make inventory management can be very difficult even for organizations with simple structures. The complexities of inventory management increase in multi-stage networks, where inventory appears in multiple tiers of locations. Due to massive practical applications in the reality of the world, an efficient inventory system policy whether single location or multi-stage location will avoid falling into overstock inventory or under stock inventory. However, the optimality of inventory and allocation policies in a supply chain is still unknown for most types of multi-stage systems. Hence, this paper aims to determine the probability distribution function of demand during lead-time by using a simulation model when the demand distributed normal and the lead-time distributed gamma. The simulation model showed a new probability distribution function of demand during lead-time in the considered inventory system, which is, Generalized Gamma distribution with 4 parameters. This probability distribution function makes the mathematical expression more difficult to build the inventory model especially in multistage or multi-echelon inventory model.

The 2Bin system for controlling medical supplies at point-of-use

Abstract The increase in cost of supplies and services is outpacing the increase in revenues at many hospitals. To address this cost increase hospitals are seeking more efficient ways to store and manage vast inventories of medical supplies. A parsimonious and efficient inventory system which we call 2Bin is becoming increasingly popular in North American hospitals. Under the 2Bin system inventory is stored in two equal-sized bins. 2Bin systems are reviewed periodically and empty bins are replenished. In recent years the adoption of RFID technology for 2Bin systems is allowing continuous-time tracking of empty bins, increasing inventory visibility. In this paper we model the 2Bin inventory system under periodic and continuous review. For periodic review we show that the long-run average cost per unit time is quasi-convex, enabling a simple search for the optimal review cycle. For continuous review, we present a semi-Markov decision model, characterize the optimal replenishment policy, and provide a solution approach to obtain the long-run average cost per unit time. Using data obtained from hospitals currently using RFID-enabled 2Bin systems, we estimate the economic benefits of using the best periodic review length (i.e., parameter optimization), and of using a continuous review inventory policy (i.e., policy improvement). We characterize system conditions such as the number of medical supplies used, replenishment costs, stock-out costs, etc. that favor each option, and provide insights to hospital management on system design considerations that favor the use of periodic or continuous review.

Hospital Inventory Management for Emergency Demand

Inventory management is receiving increased emphasis in a variety of organizations. One important area is inventory that is subject to emergency demand situations. A hospital materials manager, for example, must establish efficient inventory system policies for normal operating conditions that also ensure the hospital's ability to meet emergency demand conditions.A simulation model of a hospital inventory system was developed to determine the relative significance of several common inventory system variations on a hospital's ability to operate successfully under normal and emergency demand conditions. Results of the simulation reveal that review frequency plays a major role in the success of operations under shock demand conditions. The simulation also suggests that generalizing from the results of an inventory system under normal conditions to expected results under shock conditions is inappropriate. Several common assumptions flowing from these generalizations were challenged by the results of the study.